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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $243.16
- 4 Days on Market
- MLS # : SW20258099
- Updated Date : 12/19/2020 at 10:19
CONSTRUCTION
- Beds : 3
- Floor Size : 2,011 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Lovely home in the highly sought after Four Seasons 55+ community. Popular floor plan - Craftsman 2 featuring 2 bedrooms plus sizeable office, 2 baths and sizeable living room. The kitchen opens up to the family room in this smooth flowing open concept beauty. Granite counters in kitchen. The master suite features jetted corner tub, two closets, dual sinks and separate walk-in shower. Freshly painted neutral interior color. This home boasts an amazing low maintenance "sanctuary" type backyard setting complete with patio cover, artificial turf, landscape curbs, stamped concrete and professional landscape design - ideal for rest and relaxation. Shelving in front office. Newer HVAC. The Lodge Clubhouse is a 10-acre recreational facility that includes a wide variety of amenities such as heated pool, spa, picnic areas, beauty salon, tennis, shuffleboard and bocce ball-just to name a few. Low taxes. Call to tour!
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MARKET HIGHLIGHTS
- The area has major technology nodes of excellence: Los Angeles (Media and entertainment); Pasadena (High-tech engineering, data analytics); Riverside (Agtech, transportation/ distribution); San Diego (Healthcare, biotech, wireless communications); Irvine (Medtech, cyber security); El Segundo (Aerospace and defense IT, space transport) [BCG, 2018]
- Los Angeles has been awarded the 2028 Olympics under a funding commitment of $88 billion to upgrade the transportation infrastructure connecting disparate pockets of the metro area. This is expected to produce additional employment in the coming years. (BCG, 2018)
- As part of Southern California area, Inland Empire market inherits all the benefits from the area.
- Headquarters to several Fortune 500 companies: Amgen, Farmers Insurance, Walt Disney, Avery Dennison, Activision Blizzard, CBRE Group, Edison International, Molina Healthcare, First American Financial, Pacific Life, Qualcomm and Sempra Energy (Fortune, 2018)
- Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
- Southern California produces more technology PhDs per year than any other region in the country and many of the higher educated students stay within Souther California contributing to readily available workforce skills making the area more attractive than Silicon Valley (BCG, 2018)
- Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
- Southern California has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Winchester-Silverhawk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Winchester-Silverhawk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,250 |
| EXPENSES | Loan Payment | -$1,804 |
| Property Tax | -$507 | |
| Property Insurance | -$76 | |
| HOA | -$163 | |
| Property Management Fees | -$133 | |
|
CASH FLOW
-$433
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$489,000
PROJECTED PRICE
$2,250
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.95% |
| Appreciation Year (1-5) | 6.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.35% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$135,335
LOAN DETAILS
$1,804
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $122,250 |
| Loan Amount | $366,750 |
1.42
YEARS SAVED
$4,419
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,250
LIST RENT -
$1.12
LIST RENT PER SQFT
-
$2,328
COMP ESTIMATED VALUE -
$1.16
COMP AVG. RENT PER SQFT
Comps Range
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39416 Cardiff Avenue Murrieta, CA 2
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27579 Sierra Madre Drive Murrieta, CA 1
- 4 beds 3 baths ∙ 2,015 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,015 Sqft ∙ Built 2001
LEASED 11/10/20- Rent
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- $2,250
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30204 Silver Ridge Court Temecula, CA 3
- 3 beds 3 baths ∙ 1,970 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,970 Sqft ∙ Built 1991
LEASED 07/17/20- Rent
- Rent Per SQFT
- $2,300
- $1.17
-
39884 N General Kearny Road Temecula, CA 4
- 3 beds 3 baths ∙ 1,970 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,970 Sqft ∙ Built 1991
LEASED 09/10/20- Rent
- Rent Per SQFT
- $2,300
- $1.17
-
30233 Sierra Madre Drive Temecula, CA 5
- 3 beds 3 baths ∙ 1,970 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,970 Sqft ∙ Built 1991
LEASED 08/27/20- Rent
- Rent Per SQFT
- $2,300
- $1.17
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: SW20258099
Last Updated: 12/19/2020
